Mutual Funds perform well

Dhaka,  Sat,  23 September 2017
Published : 26 Nov 2016, 20:18:52

Mutual Funds perform well

FE Report

The listed mutual funds (MFs) performed better in last week along with other major sectors on the Dhaka Stock Exchange (DSE).

All major sectors including the MF helped the premier bourse to draw investors' attention by featuring significant rise in turnover and key index as well.

At the end of the week, the DSE benchmark index DSEX gained 1.97 per cent or 92.79 points to close at 4,791.33 points. And average daily turnover value stood at Tk 8.0 billion which was 28.7 per cent up compared to previous week's average daily turnover value of the premier bourse.

Among the major sectors, the MF sector witnessed a return of 5.6 per cent by featuring a turnover of 69.4 million in last five trading sessions. The sector's market capitalisation also rose 1.1 per cent at end of closing session of last week.

Of 34 listed MFs, the price of 30 funds rose on Thursday. Apart from Thursday's positive performance, more than 90 per cent of the funds witnessed rise in market price in five trading sessions of last week. The prices rose ranging 8.0 per cent to 11 per cent.

At the end of the week's last session, the units 1st Janata Bank MF rose to Tk 5.30 from Tk 4.9, Prime Finance First MF to Tk 9.60 from Tk 8.60, AB Bank First MF Tk 5.20 from Tk 4.90, Asian Tiger Sandhani Life Growth Fund to Tk 10.50 from 10.30 and DBH 1st MF to Tk 6.90 from Tk 7.10, according to DSE information.

The price of EBL 1st MF rose to Tk 5.30 from Tk 5.0, EBL NRB MF to Tk 5.30 from Tk 4.70, EXIM Bank 1st MF to Tk 7.10 from Tk 6.50, First Bangladesh Fixed Income Fund to Tk 6.10 from Tk 5.70, Grameen One : Scheme Two to 11.40 from Tk 10.30, Green Delta MF to Tk 7.10 from Tk 6.90, ICB 1st NRB MF to Tk 18.80 from Tk 18.60, ICB AMCL 2nd NRB MF to Tk 8.0 from Tk 7.80, ICB AMCL 3rd NRB MF to Tk 4.70 from Tk 4.50 and ICB AMCL Second MF to Tk 5.40 from Tk 5.20.

Among other MFs, the market price of ICB AMCL Sonali 1st MF rose to Tk 6.20 from Tk 6.0, LR Global Bangladesh MF One to Tk 7.10 from Tk 6.60, Prime Bank 1st ICB AMCL MF to Tk 5.20 from Tk 5.0 and Vanguard AML BD Finance MF One to Tk 9.20 from Tk 8.90.
Editor : A.H.M Moazzem Hossain
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